Milton Friedman- explains Capitalism |
How does Globalization affect us? |
What were the criticisms of Capitalism as expressed by the interviewer? What were Friedman's arguments in defense of Capitalism? What is your reaction to the criticisms and defense? What more would you like to know? Some of the criticism of capitalism were, he asked "do you ever dought running on greed,? Milton ask's " don't you ever think that no other places has greed?" He also said that " every situation in history where a country has pulled themselves out of poverty it has happened in Capitalism." Personaly I think that Milton won. He explained himself really well and had reasonable reasons. I would like to know more about the cons of capitalism
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Globalization can change a lot of things like
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Pros of Walmart
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Which article? The author of this article misses the point. They are going to have to be more aggressive, and get more members.
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Why divide labor?
This is a economic progress because it allows different people to specialize in different task. By doing this it increases the amount of product is made because its not you doing everything that is required to make that one thing. what can we learn about globalization through exploring america's largest retailer.
We can learn that Walmart biggest supplier is china. china imports the most goods for Walmart to now sell their product to people wherever that Walmart is. What is America producing that the world wants? The world wants the new inventions that america is coming up with, EX: apple, and general motors,ect. They want the new technology. |
What can we learn about the benefits of globalization by following the journey of a T-shirt?
We can learn that there is a lot more to making a shirt that we thought. In order to make a shirt it has to go through a big process, from the point the cotton is picked to the moment the shirt is made the cotton is probably shipped to 10 different places. there is a huge story behind one shirt. |
China walmart labor unrest. |
WHEN CAN IT CAUSE MORE HARM THAN GOOD TO CLOSE DOWN A SWEAT SHOP?
It can cause more damage then harm like if they shut down the sweat shops then the families wont be able to provide for there families. Even though they don't get paid much that's all they have to provide for their family. Even though they get hurt and work long hours, that's the only way that they can provided for their families. That will put almost all of their population in poverty. |
what was my favorite lesson?My favorite lesson from this class was probably the China Walmart Labor Unrest because it was one man that fought against Wal-mart low pay and it became a world wide act. These people were working so many hours and getting low pay, from him doing this so many people fought against walmart with him. once one person grows the guts to say something, or when one person finally gets tired enough of doing the same thing to get such ow low pay to where they can't even save anything to get out of poverty, they just have to spend everything they earned.
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